Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 4.31% is in line with its 5-year average of 4.11%, near the high end of its 5-year range (3.24%–4.56%).
As of the fiscal period ended Wednesday, December 31, 2025. 3.79% below its 12-month average of 4.48%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
4.31%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
4.48%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
4.38%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
4.11%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
4.30%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
4.29%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
3.84%
CURRENT VS TTM AVG
-3.79%
CURRENT VS 3Y AVG
-1.54%
CURRENT VS 5Y AVG
+4.95%
CURRENT VS 10Y AVG
+0.21%
CURRENT VS 15Y AVG
+0.40%
CURRENT VS 20Y AVG
+12.23%
SECTOR MEDIAN · REAL ESTATE
5.13%
median of 39 covered companies
CURRENT VS SECTOR MEDIAN
-15.98%
vs the sector median at left
AvalonBay Communities, Inc.
Market Cap
$26.63B
Return on Invested Capital (ROIC)
4.31%
TTM Avg
4.48%
3Y Avg
4.38%
5Y Avg
4.11%
Market Cap
$25.22B
Return on Invested Capital (ROIC)
4.61%
TTM Avg
7.53%
3Y Avg
8.36%
5Y Avg
8.17%
Market Cap
$28.58B
Return on Invested Capital (ROIC)
8.77%
TTM Avg
8.10%
3Y Avg
7.15%
5Y Avg
7.17%
Market Cap
$31.34B
Return on Invested Capital (ROIC)
5.18%
TTM Avg
4.90%
3Y Avg
5.96%
5Y Avg
6.98%
Market Cap
$32.38B
Return on Invested Capital (ROIC)
10.44%
TTM Avg
-1.30%
3Y Avg
2.71%
5Y Avg
3.63%
Market Cap
$18.65B
Return on Invested Capital (ROIC)
5.98%
TTM Avg
6.28%
3Y Avg
5.70%
5Y Avg
5.18%
Market Cap
$18.31B
Return on Invested Capital (ROIC)
11.03%
TTM Avg
12.45%
3Y Avg
10.60%
5Y Avg
9.73%
Market Cap
$17.79B
Return on Invested Capital (ROIC)
4.20%
TTM Avg
3.59%
3Y Avg
3.25%
5Y Avg
3.09%
Market Cap
$17.60B
Return on Invested Capital (ROIC)
4.89%
TTM Avg
4.17%
3Y Avg
3.97%
5Y Avg
3.66%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AvalonBay Communities, Inc. (AVB) | $26.63B | 4.31% | 4.48% | 4.38% | 4.11% |
| Equity Residential (EQR)vs › | $25.22B | 4.61% | 7.53% | 8.36% | 8.17% |
| VICI Properties Inc. (VICI)vs › | $28.58B | 8.77% | 8.10% | 7.15% | 7.17% |
| Extra Space Storage Inc. (EXR)vs › | $31.34B | 5.18% | 4.90% | 5.96% | 6.98% |
| Crown Castle Inc. (CCI)vs › | $32.38B | 10.44% | -1.30% | 2.71% | 3.63% |
| Essex Property Trust, Inc. (ESS)vs › | $18.65B | 5.98% | 6.28% | 5.70% | 5.18% |
| SBA Communications Corporation (SBAC)vs › | $18.31B | 11.03% | 12.45% | 10.60% | 9.73% |
| Kimco Realty Corporation (KIM)vs › | $17.79B | 4.20% | 3.59% | 3.25% | 3.09% |
| Invitation Homes Inc. (INVH)vs › | $17.60B | 4.89% | 4.17% | 3.97% | 3.66% |
| Weyerhaeuser Company (WY)vs › | $17.25B | 3.65% | 3.85% | 8.21% | 10.56% |
ROIC
4.3%
ROE
9.9%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 4.40% |
| 2024-12-31 | 4.56% |
| 2023-12-31 | 4.49% |
| 2022-12-31 | 4.06% |
| 2021-12-31 | 3.24% |
| 2020-12-31 | 3.89% |
| 2019-12-31 | 4.48% |
| 2018-12-31 | 4.70% |
| 2017-12-31 | 4.52% |
| 2016-12-31 | 4.62% |
| 2015-12-31 | 4.35% |
| 2014-12-31 | 4.01% |
| 2013-12-31 | 2.44% |
| 2012-12-31 | 4.60% |
| 2011-12-31 | 4.18% |
| 2010-12-31 | 2.05% |
| 2009-12-31 | 2.19% |
| 2008-12-31 | 2.32% |
| 2007-12-31 | 4.34% |
| 2006-12-31 | 4.82% |
| 2005-12-31 | 2.39% |
| 2004-12-31 | 2.49% |
| 2003-12-31 | 1.60% |
| 2002-12-31 | 19.16% |
| 2001-12-31 | 5.27% |
| 2000-12-31 | 6.05% |
| 1999-12-31 | 5.28% |
| 1998-12-31 | 2.67% |
| 1997-12-31 | 21.52% |
| 1996-12-31 | 2.99% |
